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65 W Bridge St

2 Unit Apartment Building $290,000 ($145,000/Unit) 12.07% Cap Rate Oswego, NY 13126

Investment Highlights

  • LOCATION Centrally located in the heart of Downtown Oswego.
  • Easy to rent to college students or any major employer around Oswego because of location.
  • Nice size lot with two car garage and parking area in front of garage.

Executive Summary

This is one of our last three Multi units for sale in Oswego NY. I have saved these three properties because they were are best money makers but it is time to retire and pass these along to an other investor. This multi unit has a gross income of $55.000 with a net income of $35000 each. Great income and I have priced these home for investors to make good income right at the start. Our other two multi units make the same NOI as this one you are viewing. This homes has 85% new windows through out home. I just put in a new a $20,000 boiler this year that supplies not only heat to entire house but also endless hot water as well. No more hot water tanks and a very efficient heating system that has two zones for upstairs apartment and down stairs apartment. Each Unit has 4 bedrooms up and 4 down. Each has a kitchen with 2 full bathroom up stairs and 1 1/2 bathrooms down stairs. This is fully rented and has been since we have owned them. There is a shared Laundry as well. LOCATION LOCATION LOCATION. This Multi Unit is at the Center of Downtown Oswego with Hospital, Store fronts, Bus routes, Restaurants and Oswego State College all near by. This is a Corner Lot on Main Street. It also offers a two car garage with plenty of storage area. This home offers some huge bedroom and living areas that is very attractive to tenants. There is also a walk up addict with high ceiling and a full size unfinished basement for extra storage. This is a money making opportunity to own a corner of a city block in the center of the down town district. With a potential for an even bigger growth on your investment over the years with it's location. I'm Asking $290,000 for each Property like the one you are viewing or I will be willing to listen to an offer for all three together. Call me today with any questions about this property or a package deal.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $290,000
Price Per Unit $145,000
Sale Type Investment
Cap Rate 12.07%
Sale Conditions Bulk/Portfolio Sale
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.06 AC
Building Size 3,085 SF
Average Occupancy 100%
No. Stories 2
Year Built 1900
Parking Ratio 0.97/1,000 SF

Unit Amenities

  • Kitchen

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
8+3.5 2 - -
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code Commercial (This home is zoned Commercial because it is on Bridge Street in the downtown district)
Commercial (This home is zoned Commercial because it is on Bridge Street in the downtown district)
  • Listing ID: 32682767

  • Date on Market: 8/3/2024

  • Last Updated:

  • Address: 65 W Bridge St, Oswego, NY 13126

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